Top Medium Teams in New Mexico – Ranked by Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    1Vertical Real EstateKeller WilliamsAlbuquerque, NM 179.6View Profile
    2Page Sullivan GroupBerkshire Hathaway HomeServices Taos Real EstateTaos, NM 144.0View Profile
    3Faithe Real EstateKeller WilliamsAlbuquerque, NM 98.0View Profile
    4NM Home DealsKeller WilliamsAlbuquerque, NM 82.7View Profile
    5The Shaffer GroupKeller WilliamsAlbuquerque, NM 75.0View Profile
    5The Rucker TeamColdwell Banker LegacyAlbuquerque, NM 75.0View Profile
    7Schuster TeamKeller WilliamsSandia Park, NM 72.5View Profile
    8Las Cruces Real Estate ProfessionalsKeller WilliamsLas Cruces, NM 69.5View Profile
    9Jeremy Navarro GroupKeller WilliamsAlbuquerque, NM 67.8View Profile
    10Something About Santa Fe RealtorsKeller WilliamsSanta Fe, NM 66.5View Profile
    11ABQ Dream Home By Veronica GonzalesKeller WilliamsAlbuquerque, NM 66.0View Profile
    12Smith Michelle TeamColdwell Banker LegacyAlbuquerque, NM 60.5View Profile

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    2023 New Mexico Housing Market Summary

    New Mexico started 2023 with a total of 3,058 single-family homes on the market, with a median home price of $380,000 and an average price per square foot of $221. By the end of the year, inventory had increased to 3,376 homes on the market (+10%), with a median home price of $390,000 (+2%) and an average price per square foot of $227 (+2%).

    At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had remained the same at 77 days.

    New Mexico started the year with 31% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 32% of New Mexico homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that New Mexico started 2023 as a seller’s market, with an MAI score of 40; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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